sbaharis

Shorting Gold Post-Rally Relief

Short
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Based on the news pump, pulled Fib on m15 from swing high to swing low, marked the 50%-61.8% area and found the zone to be high confluence. TP is based on H4 Swing low to Swing High fib. Gold is overextended on small timeframe. retracement is possible. on higher tf, will look for buying opportunity in lower zones.
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